v2.4.0.6
INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2013
Investments [Abstract]  
Held-to-maturity Securities [Table Text Block]
Below is a summary of the amortized cost and estimated market values of the Company’s investment securities as of December 31, 2013 and 2012. The estimated market values provided are Level 2 valuations as defined by ASC 820.
 
 
 
 
 
 
2013
 
2012
  
 
Amortized Cost
 
Market Value
 
Amortized Cost
 
Market
Value
  
 
(Dollars in thousands)
Municipal bonds:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Current
 
$
5,196
 
 
$
5,264
 
 
$
8,004
 
 
$
8,117
 
Due from one through five years
 
 
17,636
 
 
 
18,527
 
 
 
25,384
 
 
 
26,620
 
Due from six through ten years
 
 
7,388
 
 
 
7,777
 
 
 
10,832
 
 
 
11,756
 
Total
 
$
30,220
 
 
$
31,568
 
 
$
44,220
 
 
$
46,493
 
Unrealized Gain (Loss) on Investments [Table Text Block]
The unrealized gains and losses on investment securities at December 31, 2013 and 2012 were:
 
 
 
 
 
 
2013
 
2012
  
 
Unrealized Gains
 
Unrealized Losses
 
Unrealized Gains
 
Unrealized Losses
  
 
(Dollars in thousands)
Municipal bonds
 
$
1,348
 
 
$
 
 
$
2,473
 
 
$
200